JST doubles in 6 months on large-scale buyback and burn program

Justin Sun, founder of Tron, highlighted a post from X user 0xMoon, noting that the price of JST has doubled in the last six months, outperforming the broader market. This surge follows the implementation of a large-scale buyback and burn policy by the JustLend DAO. To date, the DAO has burned approximately 1.08 billion JST, worth about $38.72 million, and has secured an additional $31 million in revenue for future burns. Sun added that the market views JST's fundamentals as having strengthened, as the token has evolved from a simple governance tool to one that reflects the protocol's revenue.